Slight grey area is that I didn't think CKK owned the IP to any of the rigs, Strange Investments does. CKK did have an agreement with Strange Investments, ie Warren to buy a minimum no of rigs per year and pay % royalty of revenue earned.
Given CKK must be behind on the minimum rig numbers in the agreement what deal(s) have been done with Strange Investments to compensate it for loss in revenues.
Maybe I missed something but when it missed the deadline for the 2nd rig wasn't there a share handout ? Has gone quiet ever since.
CKK Price at posting:
11.0¢ Sentiment: LT Sell Disclosure: Held